ESCO Technologies reported a strong third quarter with a 21% increase in sales to $219 million and GAAP EPS of $0.89. The company received $255 million in orders, resulting in a book-to-bill ratio of 1.16x. Management expects Q4 Adjusted EPS to be in the range of $1.12 to $1.18 per share.
Q3 2022 GAAP EPS was $0.89.
Q3 sales increased by 21% to $219 million.
Q3 orders totaled $255 million, with a book-to-bill ratio of 1.16x.
Year-to-date orders are up 33% over the prior year.
Management expects Q4 Adjusted EPS to be in the range of $1.12 to $1.18 per share, representing growth of 32 to 39 percent over the prior year. This remains consistent with our full year guidance but narrows the Adjusted EPS to a range of $3.12 to $3.18.